THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
DFS maintains full year profit guidance despite softer demand

DFS has maintained its full year profit guidance despite sales being hit by weaker than expected demand in the furniture market in the second half of… View Article

GENERAL MERCHANDISE NEWS

DFS maintains full year profit guidance despite softer demand

DFS has maintained its full year profit guidance despite sales being hit by weaker than expected demand in the furniture market in the second half of 2023.

Its group order intake fell by 1.1% in the 26 weeks to 24 December, although DFS said this was ahead of the market. It said sales were particularly impacted by record hot weather in September and early October when there was weak footfall and demand.  

The retailer has since seen demand recover.

Despite the tougher market conditions, DFS  expects to report first-half profit before tax and brand amortisation (PBTu) that is slightly ahead of the prior year.  Its full year guidance remains unchanged at £30 million to £35 million for PBTu.

Tim Stacey, DFS group chief executive, said: “The group has performed well in tough trading conditions. Despite the weaker than expected market, good operational performance and progress on gross margins and lowering our cost base have enabled us to deliver a profit for the first half that is slightly ahead of the prior year and we remain on track to deliver our full year profit target.”

Subscribe For Retail News